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in infrastructure, investing in energy, all of those are ways to make our economy stronger. that will be the central focus of the president's remarks this evening. >> texas republican congressman randy newbauer joins us on capitol hill. good morning. >> good morning, how are you, carl? >> good. a lot of discussion today whether this will be an echo of some called the cockiness, the confrontation of the inaugural. is that what you're looking for today? >> i think so. i think what the president laid out in his inaugural address is more taxes, more spending and more government. i feel like we're just going to get the details of that tonight. >> there's been a lot of discussion about how you go about with a big agenda. some say it's his last chance to go big. when you still have so many economic anxieties at work. do you think tonight's speech will be about jobs and middle class, or will it bleed into guns and immigration? >> i think it will be a little of both. i think what the president owes the american people is an explanation of why he wants to continue down a road where it's not working, we still
much he focused on clean energy and on creating an energy security trust, using revenues from oil and gas industry to kind of get cars and trucks in the u.s. off of oil for good. and talked about cutting the red tape on gas and oil permits. that will have a longer term impact on prices, but today traders are buzzing about what happened overnight. the report from the american petroleum institute showed a decline in u.s. crude supplies. that's one factor supporting u.s. oil prices. add to that the international energy administration saying that opec production was actually at the lowest level in a year last month. so even if demand starts to come back, they did lower their forecast overall for global demand. if it starts to come back, that could be an issue with spare capacity. we'll find out a lot more about what's happening with the u.s. oil supply picture at 10:30 a.m. we'll get the report from the energy department. >> when we come back, republican congresswoman marsha blackburn of tennessee voted no on the fiscal cliff bill. how does she feel about the automatic spending cuts t
the latest moves in energy and metals, too. sharon epperson at the nymex. >> good morning, carl. gold has not been such a great trade. we're seeing gold prices at a five-week low right now. a lot of technical selling going on, prices below 1650 an ounce. the selling we're seeing the lowest in the average. the volume is then with the lunar new year in asia. and that holiday also creating a lot of lack of liquidity in the marketplace. we're looking as well at the g-7 and what they're going to say about currency devaluations. that is something that is worrisome to traders. overall we've seen the rotation out of gold and into equities. it seems as ubs points out, that a lot of traders don't want to be in this safe haven of gold, they want to be in riskier equities. that's the indication we've been seeing for the last several weeks. we're also watching what's happening in the energy space. a pullback after hitting the yearly highs for brent crude and for refined fuels on friday. the pullback that we're seeing, though, in brent, really not that severe as traders are saying, technically it's sti
out from the energy department. inventories down 157 billion cubic feet. that is a little bit more bearish than expected. the expectations for a number of 162. traders telling me to put that in perspective. looked at the number this week last year, 113. of course we had a mild winter last year. the average for the last five years is around 154. so we're in those seasonal ranges. with winter storm nemo, there's so talk we would see more of a draw because there was more heating supply necessary because of the storm but not necessarily looking like that was the case. right now checking out this number in terms of the price action, we did see a steep drop on this number coming out. as i said, it was bearish, the price of nat gas continuing to go lower. back to you. >> jackie deangelis will coming up next, the carnival "triumph" making landfall in alabama. live from the gulf coast right after this. plus much more how the megamerger between usair and american airlines could reshape the business in the sky. back in 2:00. at farmers, we make you smarter about insurance. because what you do
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Search Results 0 to 4 of about 5